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High Court of Karnataka Dismisses Writ Petitions Challenging Voluntary Retirement Scheme Computation for Sick Unit Employees. Computation of ex-gratia amount under VRS for sick units based on last drawn salary and remaining service is valid and not arbitrary.

The petitioners were employees of Mandya National Paper Mills (MNPM), a company incorporated under the Companies Act that suffered huge losses. The Ce...

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Bombay High Court Dismisses Petition for Declaration Under Voluntary Disclosure Scheme Due to Late Payment of Tax. Taxpayer Failed to Pay Entire Tax Within Three Months as Required Under Section 65 of the Voluntary Disclosure Scheme, 1997.

The petitioner, Sajan Enterprises Miraj, filed a declaration under the Voluntary Disclosure Scheme, 1997 on 25th December 1997, disclosing an income o...

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Bombay High Court Dismisses Petition of Retired Employee Seeking Modification of Annuity Option Under Post-Retirement Benefit Scheme. Option Once Exercised Under Super Annuation Benefit Fund Scheme Cannot Be Changed After Retirement, as It Would Affect Contractual Rights of Corporation and LIC.

The petitioner, Avinash Trimbak Namjoshi, was an employee of Indian Oil Corporation Ltd. (Respondent No.1) who joined on 22nd June 1966 and opted for ...

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Bombay High Court Dismisses Petitioner in Voluntary Disclosure Scheme Case for Late Payment of Tax. Tax Payment Beyond Three-Month Period Under Section 65(2) of Voluntary Disclosure Scheme 1997 Invalidates Declaration.

The petitioner, M/s. Hansraj Meghraj Rajpal, filed a declaration under the Voluntary Disclosure Scheme 1997 on 23 November 1997, disclosing an income ...